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Snow Lake Resources , d/b/a Snow Lake Energy, announced the results of its 2024 Annual General & Special Meeting. The Company fixed the number of directors, re-elected nominees to the board, re-appointed an accounting firm, approved continuance into another province, amended by-laws, authorized share consolidation, and approved changing the company name.
Snow Lake Resources , d/b/a Snow Lake Energy, (NASDAQ: LITM) announced the adjournment of its 2024 Annual Meeting of Shareholders to May 8, 2024, due to a lack of quorum. The meeting will be held virtually, and shareholders can vote on proposals. The Company has engaged a proxy solicitor to help achieve the required quorum. Shareholders are urged to vote before the new meeting date to avoid additional adjournment costs.
Snow Lake Resources , d/b/a Snow Lake Energy, believes that the Prohibiting Russian Uranium Imports Act passed by the United States will support its uranium projects in Canada and Namibia. The Act bans the import of enriched uranium from Russia into the U.S., aiming to enhance energy security and reduce dependence on Russia for nuclear fuels. Snow Lake has two uranium exploration projects, the Black Lake Uranium Project in Canada and the Engo Valley Uranium Project in Namibia, which will benefit from the Import Ban.
CEO Frank Wheatley stated that the global uranium market will be further challenged by geopolitical events, and the Import Ban will aid in exploring and developing Snow Lake's uranium projects in Saskatchewan and Namibia. The U.S. Senate has unanimously passed the Import Ban, which is considered a national security priority by the White House and aims to increase domestic uranium production.